Common use of Limitation on Guarantees of Indebtedness by Restricted Subsidiaries Clause in Contracts

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer shall not permit any of its Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Subsidiaries if such non-Wholly Owned Subsidiaries guarantee other capital markets debt securities of the Issuer or any Guarantor), other than the Issuer, the Co-Issuer, a Subsidiary Guarantor or an Excluded Subsidiary, to guarantee the payment of (i) any syndicated Credit Facility incurred under Section 4.09(b)(i) hereof or (ii) capital market debt securities of the Issuer or any Guarantor in an aggregate principal amount in excess of $200.0 million unless:

Appears in 4 contracts

Samples: Indenture (Clarios International Inc.), Indenture (Clarios International Inc.), Indenture (Clarios International Inc.)

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Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer shall will not permit any of its Wholly Wholly-Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly Wholly-Owned Subsidiaries if such non-Wholly Wholly-Owned Subsidiaries guarantee other capital markets debt securities Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness of the Issuer or any Guarantor), other than the Issuer, the Co-Issuer, a Subsidiary Guarantor or an Excluded Subsidiary, to guarantee the payment of (i) any syndicated Indebtedness of the Issuer or any Guarantor under a Credit Facility incurred under Section 4.09(b)(i) hereof or (ii) capital market debt securities Capital Markets Indebtedness of the Issuer or any Guarantor Guarantor, in each case, having an aggregate principal amount outstanding in excess of $200.0 50.0 million unless:

Appears in 4 contracts

Samples: Indenture (Life Time Group Holdings, Inc.), Indenture (Life Time Group Holdings, Inc.), Indenture (Life Time Group Holdings, Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer shall not permit any of its Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Subsidiaries if such non-Wholly Owned Subsidiaries guarantee other capital markets debt securities of the Issuer or any Subsidiary Guarantor), other than the Issuer, the Co-Issuera Subsidiary Guarantor, a Foreign Subsidiary Guarantor or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any syndicated Credit Facility incurred permitted under clause (i) of Section 4.09(b)(i4.09(b) hereof or (ii) capital market markets debt securities of the Issuer or any Subsidiary Guarantor in an aggregate principal amount in excess of $200.0 million unless:

Appears in 3 contracts

Samples: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer Parent shall not permit any of its Wholly Wholly-Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly Wholly-Owned Subsidiaries if such non-Wholly Wholly-Owned Subsidiaries guarantee other capital markets debt securities of the Issuer or any GuarantorGuarantor in a principal amount in excess of the greater of $35.0 million and 10.0% of LTM EBITDA), other than the Issuer, the Co-Issuera Guarantor, a Foreign Subsidiary Guarantor or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any syndicated Credit Facility incurred permitted under Section 4.09(b)(i) hereof or (ii) capital market markets debt securities of the Issuer or any other Guarantor in an aggregate principal amount in excess of $200.0 million unless:

Appears in 2 contracts

Samples: Indenture (Prestige Consumer Healthcare Inc.), Indenture (Prestige Consumer Healthcare Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer shall not permit any of its Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Subsidiaries if such non-Wholly Owned Subsidiaries guarantee other capital markets debt securities of the Issuer, the Co-Issuer or any Subsidiary Guarantor), other than the Issuera Subsidiary Guarantor, the Co-Issuer, a Foreign Subsidiary Guarantor or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any syndicated Credit Facility incurred permitted under clause (i) of Section 4.09(b)(i4.09(b) hereof or (ii) capital market markets debt securities of the Issuer, the Co-Issuer or any Subsidiary Guarantor in an aggregate principal amount in excess of $200.0 million unless:

Appears in 2 contracts

Samples: Indenture (Hilton Grand Vacations Inc.), Indenture (Hilton Worldwide Holdings Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer shall not permit any of its Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Subsidiaries if such non-Wholly Owned Subsidiaries guarantee other capital markets debt securities of the Issuer or any GuarantorSubsidiary Guarantor pursuant to clause (b) below), other than the Issuer, the Co-Issuera Subsidiary Guarantor, a Captive Insurance Subsidiary, a Foreign Subsidiary, a FSHCO Subsidiary Guarantor or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any syndicated Credit Facility incurred under Section 4.09(b)(i) hereof or (ii) capital market debt securities of the Issuer or any Subsidiary Guarantor in an aggregate principal amount in excess of $200.0 150.0 million unless:

Appears in 1 contract

Samples: Indenture (Vivint Smart Home, Inc.)

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Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer shall not permit any of its Wholly Wholly-Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly Wholly-Owned Subsidiaries if such non-Wholly Wholly-Owned Subsidiaries guarantee other capital markets debt securities of the Issuer or any Guarantor), other than the Issuer, the Co-Issuera Guarantor, a Captive Insurance Subsidiary, a Foreign Subsidiary Guarantor or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any syndicated Credit Facility incurred under permitted by Section 4.09(b)(i4.09(b) hereof or (ii) capital market debt securities of the Issuer or any other Guarantor in an aggregate principal amount in excess of $200.0 million unless:

Appears in 1 contract

Samples: Indenture (Vivint Smart Home, Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer shall not permit any of its Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Subsidiaries if such non-Wholly Owned Subsidiaries guarantee other capital markets debt securities of the Issuer, the Co-Issuer or any Guarantor), other than the Issuer, the Co-Issuer, a Subsidiary Guarantor Guarantor, a Foreign Subsidiary or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any syndicated Credit Facility incurred permitted under Section 4.09(b)(i) hereof or (ii) capital market debt securities of the Issuer, the Co-Issuer or any Guarantor in an aggregate principal amount in excess of $200.0 million unless:

Appears in 1 contract

Samples: Indenture (Alight Group, Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer shall not permit any of its Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Subsidiaries if such non-Wholly Owned Subsidiaries guarantee other capital markets debt securities of the Issuer, the Co-Issuer or any Guarantor), other than the Issuer, the Co-Issuer, a Guarantor, a Foreign Subsidiary Guarantor or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any syndicated Credit Facility incurred permitted under Section 4.09(b)(i) hereof or (ii) capital market debt securities of the Issuer, the Co-Issuer or any Guarantor in an aggregate principal amount in excess of $200.0 million unless:

Appears in 1 contract

Samples: Indenture (Alight Inc. / DE)

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